Ajay Banga

Portrait
Ajay Banga, President and Chief Executive Officer, Mastercard Incorporated

Banga is the President and Chief Executive Officer of Mastercard Incorporated and a member of its board of directors. Prior to Mastercard, Ajay served as chief executive officer of Citigroup Asia Pacific. During his career at Citigroup, he held a variety of senior management roles in the United States, Asia Pacific, Europe, Middle East and Africa. He also oversaw the company’s efforts in microfinance.

Banga began his career at Nestlé, India, where for 13 years he worked on assignments spanning sales, marketing and general management. He also spent two years with PepsiCo, where he was instrumental in launching its fast food franchises in India as the economy liberalized.

Ajay is a co-founder of The Cyber Readiness Institute, first vice chairman of the International Chamber of Commerce and a trustee of the United States Council for International Business. Ajay is a founding trustee of the U.S.-India Strategic Partnership Forum, a member of the U.S.-India CEO Forum and is Chairman Emeritus of the American India Foundation. Ajay is also a co-chair of the Partnership for New York City. He served as a member of President Obama’s Commission on Enhancing National Cybersecurity. He is a past member of the U.S. President’s Advisory Committee for Trade Policy and Negotiations.

He was awarded the Padma Shri Award by the President of India in 2016. He is a fellow of the Foreign Policy Association and was awarded the Foreign Policy Association Medal in 2012.

Ajay serves as a director of the Business Roundtable and is a member of the Business Council. He is a member of the board of overseers of the Weill Cornell Medical College and the board of governors of the American Red Cross.

Banga has extensive global payments experience as well as a deep focus on innovation and information security. Banga provides valuable perspective on engaging and partnering with regulators, due to his experience as Mastercard Chief Executive Officer and as a member of multiple business advocacy organizations and government sponsored committees. He adds strong consumer insight from his brand marketing experience at several global food and beverage companies.

Banga serves on the Mastercard Incorporated Board of Directors (since 2010). Banga served on the DowDuPont Inc. Board of Directors from January 2019 to April 2019, the DowDuPont Materials Advisory Committee from September 2017 to April 2019, and The Dow Chemical Company Board of Directors from 2013 to August 2017.